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The buying or selling of a property is
complex as well as risky. The good news is that
having an experienced lawyer (either a
solicitor or a licensed conveyancer) act on
your behalf in this process is virtually a
guarantee that your sale or purchase will go
ahead smoothly and with a minimum of fuss.
While you may think that you cannot afford the
services of a lawyer, consider whether you can
afford not to.
Doing conveyancing yourself with a
'Do-It-Yourself' kit can be fraught with unseen
dangers. Remember, licensed conveyancers and
lawyers are not only trained professionals but
are required to have professional indemnity
insurance and will be professionally liable if
anything goes wrong in the process. If you
carry out your own conveyance and it goes wrong
you alone will be left responsible.
What can go wrong? Consider a situation
where a seller of a property does not disclose
the fact that their property is actually
condemned and an order of demolition has been
issued. If your lawyer or licensed conveyancer
fails to find this out in their investigations
and your new property is not in the condition
it was originally sold in (that is, it is
demolished) then your conveyancer will be
professionally liable and you will receive
remuneration for your economic losses. If you
are acting for yourself no remuneration will be
available and the mistake may lead to financial
ruin.
Remember, the purchasing of a property will
be one of the largest investments you make in
your life. During this period both your lawyer
or licensed conveyancer and your estate agent
will become important people in your life.
Whether investing for the future, or buying
into the 'Australian dream', consulting a
conveyancing professional will enable you to
feel assured that your investment is in good
hands.
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